The fund for Australia's legal community
legalsuper’s origins are in the legal community itself. The current day legalsuper fund was formed by the joining of the super funds established by the Law Societies of Victoria and NSW. Today, our members come from every facet of the law and we remain dedicated to the community we were founded by. As a profit for members fund you can be confident that we act in your best interests and, like you, we are driven by our commitment to accuracy, accountability and quality, to meet and exceed the high expectations of our community.
Strong performance over the short and long term
legalsuper’s default investment option, MySuper balanced achieved a return of 10.9%(1) in 2016/17, outperforming the industry average(2) over 1, 3, 5 and 10 years. Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund.
(1)These returns are for legalsuper’s MySuper Balanced investment option over the above periods to 30 June 2017. The MySuper balanced investment option is where 69% of members are invested. These returns are net of direct administration fees and indirect investment fees and tax, and gross of indirect administration fees.
(2) SuperRatings is an independent research provider for the superannuation industry. Its research helps super funds monitor and improve their performance and benchmark themselves against other super funds.
The benefit of legalsuper over retail funds
The below chart shows how, based on a starting income of $50,000 and a starting super balance of $50,000, legalsuper’s MySuper Balanced option has delivered around $29,000 more than the average retail super fund (master trust) over the past 15 years*. It also shows how much better off a member could have been whether they switched to legalsuper 1, 3, 5, 7, 10 or 15 years ago.
Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund.
*Comparisons modelled by SuperRatings, commissioned by ISA and shows average differences in net benefit of legalsuper's Mysuper Balanced investment option and the main balanced options of retail funds tracked by SuperRatings, with a 1 (166), 3 (147 funds), 5 (109), 7 (85), 10 (77 funds) and 15 (45 funds) year performance history, taking into account historical earnings and fees – excluding contribution, entry, exit and additional adviser fees. Outcomes vary between individual funds. Modelling as at 30 June 2017. See Assumptions for more details about modelling calculations and assumptions. Consider your personal financial situation, needs and objectives, which are not taken into account in this information, and the legalsuper Product Disclosure Statement (PDS) available at legalsuper.com.au before making an investment decision.
Investing in our community
Our commitment to the legal community runs deeper than wealth management. We’re a super fund first, but also a partner through your career and into retirement. We have a long and proud history alongside Australia’s law institutions, giving back to our industry and helping those within it.
Wellbeing and the law
We see prosperity as more than money. Health, a sense of wellbeing, peace of mind and a secure future all make up parts of a prosperous life. In partnership with SANE Australia, we offer resources and events to promote wellbeing within the legal community.
Speak with a specialist
At every stage of life, we are here to help you understand your super and make the right decisions. Book an appointment today to meet with a legalsuper expert in person, or over the phone.